GE cutting staff ahead of new CEO’s overhaul

NEW YORK: General Electric Co is laying off sales staff and other employees in its software division, according to people familiar with the matter, ahead of new Chief Executive John Flannery’s expected announcement on Monday of a plan to slash costs and jettison units in an effort to improve the company’s profits. The layoffs at GE Digital, based in San Ramon, California, affect about 100 sales people in the Americas, including those who sell GE’s Predix industrial-internet software, according to two sources. The software, central to GE’s strategy under former Chief Executive Jeff Immelt, has been beset with technical problems, prompting GE to shift strategy. The 125-year-old conglomerate is considering job reductions across all of its diverse businesses, the sources said.

Published in The Express Tribune, November 12^th, 2017.

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